DEFERRED TAX

Additional Digita Corporation Tax modules provide support for Groups and Deferred Tax.

The Deferred Tax feature can be used to calculate the amounts required for provision under FRS19. The module uses the information already entered in Digita Corporation Tax, together with additional information entered specifically relating to the calculation of the provision.

Accelerated capital allowances are automatically calculated from data entered in the capital allowances and fixed asset reconciliation, rolls forward balances, deals with both balance sheet and profit and loss calculations and provides a proof of tax reconciliation report.

Capital allowances

Calculates accelerated capital allowances automatically from data entered in the capital allowances and fixed asset reconciliation in Digita Corporation Tax.

Rolls forward balances

Rolls forward balances

Profit and loss

Deals with both balance sheet and profit and loss calculations

Proof of tax

Provides a Proof of tax

Reports

A report breaking down the calculations used can be printed or saved as a PDF file.

For more information visit our Corporation Tax Software page.